Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Up – Time to Buy?

Raiffeisen Bank International AG (OTCMKTS:RAIFYGet Free Report)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $10.8990, but opened at $11.89. Raiffeisen Bank International shares last traded at $11.23, with a volume of 1,179 shares changing hands.

Analysts Set New Price Targets

Separately, UBS Group upgraded shares of Raiffeisen Bank International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Get Our Latest Stock Report on Raiffeisen Bank International

Raiffeisen Bank International Stock Up 3.0%

The stock has a market cap of $14.78 billion, a price-to-earnings ratio of 10.40 and a beta of 1.10. The company has a 50 day simple moving average of $11.81 and a 200 day simple moving average of $10.47.

Raiffeisen Bank International (OTCMKTS:RAIFYGet Free Report) last posted its quarterly earnings results on Monday, March 2nd. The financial services provider reported $0.37 earnings per share for the quarter. The company had revenue of $2.63 billion for the quarter. Raiffeisen Bank International had a net margin of 10.91% and a return on equity of 6.19%.

Raiffeisen Bank International Company Profile

(Get Free Report)

Raiffeisen Bank International AG (RBI) is an Austrian banking group headquartered in Vienna, offering a diverse range of financial services. As a universal bank, RBI serves retail customers, small and medium-sized enterprises, and large corporates, with a particular focus on Central and Eastern Europe. The bank’s service portfolio encompasses everyday banking products, payment solutions, and digital services for individual clients, as well as cash management, trade finance, and structured lending for corporate and institutional customers.

In addition to traditional banking, RBI provides investment banking and capital markets services, including underwriting, debt and equity issuance, and advisory services.

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